CCI 50 for Momentum Determination

[walterw]

Ok, here I come with a first very simple "Timing" idea.... its based on the Momentum context... you must have a momentum present.... once that is true I plot a Classic Stochastic that will go to the oposite extreme (30/70) and come back cross it.... I programed him to take color and width if the cci 50 has met the momentum conditions.... so far so good.... cheers Walter.

[walterw]

Here is some example today on the first hour of trading... now we know where the blue arrows come from.... its not perfect but it does perform pretty decently....

On next posts I will deal with stops and exits.... Still figuring out... This are pure trend trades, compatible for left brained stupid slow people like me jejejeje... no big brainer.... cheers Walter

[Soultrader]

Hi walter,

Is this designed as a scalping tool. I see you are using a 23 tick chart. Does the parameters need to be tweaked on a longer time frame? Thanks

[walterw]

Soul : so far all the parameters I am using are for this very small chart... now the cci 50 should be 50 on a 233 T chart.... I am using it 500 (10 times) on this 23 T chart... about the stochastic will take longer waves on a bigger scale,even if we put a smaller input, similar to using a cci 14 on 233T chart...

I like to scalp...I do that with my M`s, thought this trend trades could perform also very well ... Russell gives you in 2-3 good trades $100 per contract... I am happy with that money on a daily basis... cheers Walter.

[mkp14]

Hi Walterw
can you please share 50cci w/scho beacuse i am learning with ts and i would like to know how to change color on ob/os
Thx
mkp14

[walterw]

mkp : sorry for my delay, I did take a small vacation with holidays here... should I remeber you this was just experimental... I dont trade this method at all... it has nice potenciall but as any technique you should get really good at it before trading.... I attach the indicators from previous posts... you can open the formulas and learn how to put conditions for color and width at easylanguage to maximize your visual aide.... should you check inputs according to interval being used.... cheers Walter.

[walterw]

This evening (after the fact) I watched this range chart (R2) on Ym making this trend/momentum trades... they look nice for a scalper... cheers Walter.

[May07]

Walter,

I am interested to know more your CCI momentum. I am new to CCI. The CCI has 2 inputs, namely period and signal. The default is 12 days and 6 days. To use your example, please advise what are the values to input?

[walterw]

Hi May, welcome aboard... The above charts (last ones) is a ym 2 Range charts with simple ma 100/34 and on the oscillator pane you have cci 50 and cci 14 for turbo... also add level +-50 on cci`s...simple and straight forward...

This method gets to work ok when cci 50 its above/below +-50 levels and the turbo cci 14 does the timing with the 0 line cross... you can also be agressive and time the turbo on 50 or 100 levels as posted on previous charts, now its more conservative to take entries on a turbo 0 line cross...

I attach an example from today, wich happens to be also an icon trade... cheers Walter.

[May07]

Thanks Walter for your explanation.


Looking at the chart, there were some crossover at zero for cci14 which you did not circled and appeared to be flip pt. or is it?

what is the setup for the time frame (how many mins?) with 100/34 EMA?